Author Archives: admin

AMP dominated KiwiSaver fund growth in the December 2009 quarter with its conservative, balanced and growth funds all the best performers toppling Huljich Wealth Management from the top. FundSource’s Latest KiwiSaver Report showed that AMP’s KiwiSaver Conservative Fund produced a return of 2.19%, its AMP KiwiSaver ING Balanced Fund a return of 5.03% and its […]

KiwiSaver Performance Survey – Returns to 31 December 2009     KiwiSaver Performance Survey – Returns to 31 December 2009             Default Options 3-month (%) 6-month (%) 1-year (%) 2-year (%pa) AMP KiwiSaver (Default) Fund 1.87 4.44 6.78 3.94 ASB KiwiSaver Conservative Fund (Default) 1.23 5.09 6.43 4.24 AXA KiwiSaver […]

ING has become the first KiwiSaver provider to hit the $1 billion mark in funds under management. ING head of KiwiSaver distribution David Boyle says the number of New Zealander’s that have joined KiwiSaver is much greater than was expected when KiwiSaver was first launched in 2007. “We’re rapt to have reached the $1 billion […]

Mercer, the only default KiwiSaver provider without a distribution network, has reduced fees on its funds. It says the reduction is “in response to consumer demand for competitive pricing” and warns investors could be missing the point by focusing on the level of fees alone. Mercer’s New Zealand boss, Martin Lewington, says a lack of […]